BERLIN – German industrial output is likely to fall in the next three months, the Ifo institute said on Tuesday as the index for production expectations fell the most since the survey was first conducted in 1991.
Ifo said that the index fell to -20.8 points in March from 2.0 and Ifo economist Klaus Wohlrabe said: “We assume that this development is still underestimated, because most of the answers were received in mid-March.”
The German statistical office will publish industrial output data for February at 06.00 GMT.
(Reporting by Michelle Martin; Editing by Madeline Chambers)
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